Muthuselvaraj M, Research Analyst at Mirae Asset Sharekhan believes that both Eternal and Maruti have corrected significantly from their respective peaks and are now showings some signs of strength.
Eternal stock can retrace up to 61.8 per cent of the preceding fall, implying a potential upside target price of ₹310 in the near-term, explains Muthuselvaraj of Mirae Asset Sharekhan.
Eternal delivered steady Q4 results, with Blinkit and food delivery businesses driving growth. Brokerages have retained a 'Buy' rating with target prices up to ₹400
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Strong growth in Blinkit and Zomato businesses drives sharp rise in profit and revenue, with quick commerce and food delivery segments sustaining momentum
Eternal Q4 preview: Brokerages tracked by Business Standard estimate Eternal's net profit at an average of ₹141.75 crore, up 263.46 per cent year-on-year (Y-o-Y)
Analysts at Axis Securities pin hopes on US tariff relief, revival in private capex, improving business confidence and rural recovery as potential positive triggers for the market recovery.
In the food delivery business, HDFC Securities expects a recovery in Eternal in key operating metrics on a low base.
Blinkit has launched its quick commerce service at Mumbai's Terminal 2 domestic departures, allowing travellers to order after the security check-in
Elara said the Nifty50 is currently trading at around 17.3 times one-year forward earnings, nearly 7 per cent below its 10-year average of 18.6 times, placing it in a historical 'bounce zone'
Eternal, which operates Zomato, has raised its platform fee to ₹15. Elara said that the platform fee hike is in line with its guidance of achieving adjusted Ebitda in the range of 5-6 per cent by FY28
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Zomato raises platform fee to Rs 14.90 from Rs 12.50, aligning closer to rivals amid rising operational costs and pressure from supply disruptions in West Asia
Emkay Global warns of a 10-per cent downside in Nifty as Iran war volatility keeps crude oil above $100 per barrel. It has picked HDFC Bank, Eternal, and Max Healthcare as top stocks to buy now.
JM Financial maintained its forecast of about 18 per cent Y-o-Y NOV growth for Zomato in the Q4FY26, which would mark the strongest expansion in the past seven quarters
Though Zomato and Swiggy are not witnessing any fall in volumes; however, they may see short-term demand pressure from LPG-dependent restaurants, analysts cautioned
LPG supply disruption could slow Zomato and Swiggy order volumes as restaurants cut operations. Motilal Oswal expects a temporary impact on food delivery growth
QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru
Analysts at BNP Paribas said Eternal and Swiggy shares are attractive after the correction, projecting strong upside in stocks, as AI disruption and competition risks appear overstated
The Tata Group, Reliance Industries, Larsen & Toubro, and Eternal announced partnerships and pledged investments in artificial intelligence adoptions and growth during the AI Impact Summit in New Delh